Ready Made Deal

2 Bed Terrace property in Moston, Manchester M9 4QG

Here is the latest deal from BMV Club.

Location: Mapledon Road, Moston, Manchester M9 4QG (map)
Property: 2 Bed Terraced House

Expected maket value: £100-110k
Price to Investor: 75% of the above value
Equity: 25k approx (25%)

Property condition: Excellent (see pictures)
Age of Property: between 6-10 year old
Garden : Front and rear

On completion: Vacant Possession (Currently tenanted and if investor likes, tenant is happy to continue with existing arrangements  or can move out).
Current rent: £475 pcm
Reason for selling: Relocation (family problems)

Comparables (Right Move):

• For Sale
• Rent
• Sold Prices in area: Click Here

Financials at a Glance
Expected Market Value	100-110k
Purchase Price	75% of MV
Instant Equity	25k approx
Current Rent	£475 pcm
Yield (on purchase price)	7.6%
Yield (on MV)	5.7%
Cash Flow (@5.69%, at borrowing of 75%)	£120pcm approx

Total Cost to Investor:
Finder's fee: £2,500
Other costs: Actual purchasing costs (legal for both sides + bridging costs (if required). Budget for £3,000 approx incl bridging which is £1000)

Questions? Let us know by clicking here

What to do next

• Submit your details (form below)
• If selected, mortgage broker will get the DIP done
• Order survey
• On successful survey, send finder's fee
• Appoint solicitors (we will provide details)
• Target completion date: 4-5 weeks

If intersted then click on this link to submit your details below.

Pictures:

To register your interest in this deal, please fill in your details below:

Terms and Conditions:

• This is a time sensitive deal. Vendor wants to complete with minimal delay. Investor must complete his or her own due diligence before committing to this deal.
• Investor will be required to pay a reservation fee. This fee is non refundable unless investor receiving a lower than stated independent RICS market valuation of the property and wishes to withdraw from the purchase.  If investor does decide to withdraw from purchase then he or she must notify us within 24 hours of receiving the valuation figure.
• Except in the case of receiving a lower valuation as stated above, we are unable to refund reservation and other fees paid upfront.
• Any of our Deal Fees are payable in full on completion.
• To cause least disruption to the seller, you may view the property but only after the valuation has been booked.
• In respect of the costs you will incur that are not determined and administered by us, we have endeavoured to be as accurate as possible.  However these are subject to change at any time and may incur VAT where applicable.
• We do not accept responsibility for any expenses or losses incurred by you.
• The Market Value quoted is provided in good faith and will be confirmed by the lender's valuer.
• No information presented in these particulars constitutes or forms part of a contract, with the exception of the stated terms and conditions.
• BMV Club is not a licensed investment advisor or a licensed estate agent.
• BMV Club is not authorised by the Financial Services Authority to provide investment or financial advice.
• In paying the reservation fee you agree to these terms by default.

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• Disclaimer:
  BMV Club, their directors, affiliates, officers, employees, agents, contractors, successors and assigns (herein "BMV Club") do not accept any liability for any investment decisions made on the basis of, arising out of, or in any way related to, the use of this information. The information and services provided by BMV Club do not constitute financial, investment or tax advice and should not be taken as such. BMV Club recommends you to obtain professional advice before proceeding with any investment. Whilst we take reasonable care to ensure that the information we provide is accurate and up to date, we cannot warrant that it is. Some products and services may be available at a lower or higher cost than quoted in this communication. If you would like a detailed mortgage illustration, please ask for a referral to one of our independent mortgage brokers. BMV Club promotes products and services specifically designed for use in the United Kingdom only.